Is a franchisee guaranteed a specific Approved Location for their Extreme Art Studio Business?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
You agree that you are not guaranteed any specific Approved Location for any of your Extreme Art Studio Businesses, and you may not be able to obtain your top choice for any of your Extreme Art Studio Businesses.
You and we must reach agreement on an Approved Location for your Studio within four months after you sign this Franchise Agreement, or we have the option to terminate this Franchise Agreement.
Source: Item 22 — CONTRACTS (FDD page 49)
What This Means (2024 FDD)
According to Extreme Art Studio's 2024 Franchise Disclosure Document, a franchisee is not guaranteed a specific Approved Location for their Extreme Art Studio Business. The FDD states that while Extreme Art Studio must authorize the specific location for the studio, the franchisee is solely responsible for selecting each Approved Location and negotiating the lease or purchase terms. The franchisee acknowledges that they are not guaranteed any specific Approved Location and may not be able to obtain their top choice.
Extreme Art Studio may provide assistance with site selection, evaluation, lease review, and construction project management, but the final selection and investigation of the studio's suitability are the franchisee's responsibility. The franchisor's approval of a site only means it meets their current criteria and does not constitute a warranty of the site's suitability or potential.
The Franchise Agreement stipulates that the franchisee and Extreme Art Studio must agree on an Approved Location within four months of signing the agreement. Failure to do so gives Extreme Art Studio the option to terminate the agreement. The franchisee is also responsible for ensuring the studio complies with all applicable laws and regulations, including the ADA and safety requirements.